Tuesday, January 07, 2014
"It’s a powerful fairy tale by which we as a country continually let ourselves be snake-charmed, which each new generation of pin-striped huckster-clowns quickly learns is their greatest tool. If you remember that cataclysmic crisis that nearly wiped our financial system from the map (and why would you with the Dow over 16,000?), Jordan Belfort was a small-time crook. Compared to those who ran our economy into the ground, Belfort’s literally a sideshow. How many of them did as much time as Belfort? Which of them are making restitution to their countless victims? Who gave them social license to act like sociopaths and lionized them deliriously as the markets soared ever higher? And, by the way, what’s going on with all those Dodd-Frank financial reforms?"